Reader:
Just wondering if you are familiar with Keppel DC Reit?
I bought into it some time ago, lured in by its 'good potential', but as of last dividend payout, it's one of those cases where NPI went up but DPU dropped by 20%.
Not an encouraging sign.
But the company presentation said that things will get better because income from its new acquisition will 'kick in' by next payout. However it's hard for me to gauge if it'll make up the 'shortfall' of 20%.
Extrapolating from the most recent dividends, its annual yield would be only 4.7%. DBS still rates it as a BUY though.
AK:
I don't have this. I avoided.
I must say I have not been following developments though.
Reader:
I really didn't like the part where it's NPI went up but DPU dropped 20%.
AK:
Sounds like another Keppel REIT.
Plain English guide to data centres.
For anyone who might be interested, see my one and only blog on Keppel DC REIT (well, not anymore, I guess) and why I avoided investing in it:
Is Keppel DC REIT an attractive investment?
There were two reasons for me to avoid investing in this REIT.
Now, there might be a third one.
FAKE ASSI AK71 IN HWZ.
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
"E-book" by AK
Second "e-book".
Another free "e-book".
4th free "e-book".
Financially free and Facebook free!
Subscribe To ASSI
Posts
Comments
Monthly Popular Blog Posts
-
In my last blog post, I said that I have already made a $4,000 Top Up to my Medisave Account. That would help to generate more interest inco... -
If you are part of my YouTube community, you might have seen the photos I shared on my latest CPF numbers. Here they are for those who are n... -
Readers who follow me in my YouTube community tab would know that I have been busy with many things at home. Some might remember this recent... -
Quite a few readers and viewers have been asking me on and off this year whether I was adding to my investment in Wilmar. I think more peopl... -
I spend a lot of time thinking. Some say I am a thoughtful person. However, some say I think too much. We are all wired differently, right? ...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que... -
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...
Bloggy Award
1 comments:
Keppel DC REIT’s ($1.225, unchanged) distributable income increased from $14.7 million in 1Q 2016 to $21.8 million in 1Q 2017, translating to a 47.6% growth year-on-year, thanks to the one-off capital distribution in relation to the Keppel DC Singapore 3 acquisition...
The one-off capital distribuƟ on of approximately $1.7 million for the month of December 2016 arose from the later completion of Keppel DC Singapore 3 on 20 January 2017 and where the vendor had agreed that all the rights and obligations shall pass to the REIT as if completion had occurred on 1 December 2016.
Year-on-year, there were lower rental income arising from a client downsizing its requirements in Keppel DC Dublin 1 in 1Q 2016, as well as lower variable income from Keppel DC Singapore 1 and Keppel DC Singapore 2 due to lower recurring and power revenue.
The Manager remains confident of the data centre market’s growth potential although near-term pressure on rental rates is expected with data centre supply coming online in Singapore.
Excluding the one-off capital distribution of approximately $1.7 million (equivalent to 0.15 cents per Unit), the adjusted annualised distribution yield would have been 5.8%. Price to book is 1.28x.
Source: Lim & Tan.
Post a Comment